08262016Fri
Last update: Fri, 26 Aug 2016 06am

Asia

Markets - Commodities - Asia

Palm sees strongest gains in 10-months on better demand, US soy supports KUALA LUMPUR: Malaysian palm oil futures surged to a six-week high on Wednesday evening, recording a fourth consecutive session of gains, as improved demand and a recovery in rival US soy supported prices.Palm has pared some losses in the last three trading sessions, after falling to a one-week low, tracking weaker rival oils on China's Dalian Commodity Exchange.Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange gained 3.3 percent in evening trade, its strongest gains in 10 months, settling at 2,415 ringgit ($595) per tonne at the end of the day. It earlier rose to an intraday high of 2,419 ringgit, palm's strongest levels since June 21.Traded volumes stood at 43,803 lots of 25 tonnes each on Wednesday evening, slightly below the 2015 average of 44,600.One trader said the market was lifted by stronger short-term demand, while another said palm also rose on a weaker ringgit ...

Markets - Commodities - Asia

TOCOM dips to 3-week low on higher yen and tumbling Nikkei TOKYO: Benchmark Tokyo rubber futures dipped to a three-week low on Wednesday as a higher yen, slumping Tokyo stock market and weaker oil prices dampened market sentiment and prompted fresh selling.The Tokyo Commodity Exchange rubber contract for January delivery finished 1.1 yen, or 0.7 percent, higher at 153.0 yen ($1.51) per kg, after giving up an earlier gain and hitting a low of 152.8 yen, the lowest since July 12."The stronger yen and tumbling Nikkei ...

Markets - Commodities - Asia

Palm hits 1-month high on better demand, in line for 4th straight gain KUALA LUMPUR: Malaysian palm oil futures rose to its strongest in a month on Wednesday, on track for a fourth consecutive session of gains, as improved demand supported prices.Palm has pared some losses in the last three trading sessions, after falling to a one-week low, tracking weaker rival oils on China's Dalian Commodity Exchange.Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange gained 1.2 percent to reach 2,365 ringgit ($583) per ...

Markets - Commodities - Asia

Bangladesh tea prices rise, snap four weeks of falls  DHAKA: Tea prices in Bangladesh rose at the weekly auction on Tuesday, snapping a four-week run of declines, on strong demand for quality leaf amid tight supplies.Bangladesh tea fetched an average of 214.73 taka ($2.8) per kg at the auction, the 14th of the new marketing season, compared with 212.48 taka in the previous sale.There was robust demand for quality tea and buyers were ready to pay premiums that helped both prices and sales volume ...

Markets - Commodities - Asia

Shanghai copper remains neutral in 37,530-38,170 yuan range SINGAPORE: Shanghai copper remains neutral in a range of 37,530-38,170 yuan per tonne, and an escape could point a direction.The range is formed by the 38.2 percent and the 23.6 percent Fibonacci retracements on the rise from the May 20 low of 34,810 yuan to the July 13 high of 39,210 yuan.A break above 38,170 yuan could lead to a gain that may be most likely limited to a resistance at 38,570 yuan, the 14.6 ...

Markets - Commodities - Asia

Palm dips on weaker Chinese soy; market seen range-trading KUALA LUMPUR: Malaysian palm oil futures dipped in early trade on Tuesday, set to snap two days of gains, tracking weaker rival soyoil on China's Dalian Commodity Exchange.Benchmark palm oil futures for October delivery on the Bursa Malaysia Derivatives Exchange dropped 0.1 percent to reach 2,324 ringgit ($574) per tonne at the midday break.Palm prices fluctuated early in the session, trading higher before falling to an intraday low of 2,303 ringgit.Traded volumes stood at 18,405 ...

Markets - Commodities - Asia

Vietnam Coffee-Local prices fall in line with lower global trend HANOI: Domestic coffee prices in Vietnam, the world's top robusta producer, eased this week, in line with global prices while the market was quiet amid limited supplies as the crop year is ending, traders said.Domestic coffee prices declined to 38 million to 38.2 million dong ($1,704 to $1,713) a tonne on Tuesday, from 38.8 million to 39 million dong a week ago. The ICE September contract dropped on Monday to close $1,818 per tonne, from ...